CHINA TOPIX

Russia and China Sign a Second Deal, Intimidates Neighboring Countries

Sydney   |

Nov 10, 2014 05:09 AM EST

On the 21st of May 2014, Russia turned to China and signed a $400 billion deal between Gazprom and The China National Petroleum Corporation. The agreement is for Russia to supply 38 billion cubic meters of natural gas annually for over 30 years from West Siberia to China. This deal deems beneficial for both countries as China needed a new source of clean energy and Russia had to rely less on their western customers with which their relationship has gone cold.